Ag Growth International (TSE:AFN) PT Lowered to C$75.00

Ag Growth International (TSE:AFN) had its price target decreased by Scotiabank from C$88.00 to C$75.00 in a research report report published on Wednesday, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other research analysts also recently weighed in on the stock. Desjardins upped their price objective on shares of Ag Growth International from C$82.00 to C$85.00 and gave the stock a buy rating in a report on Thursday, March 7th. Royal Bank of Canada upped their target price on shares of Ag Growth International from C$75.00 to C$80.00 and gave the stock an outperform rating in a report on Friday, March 8th. CIBC raised their price target on shares of Ag Growth International from C$78.00 to C$82.00 and gave the company an outperform rating in a research report on Thursday, March 7th. Raymond James boosted their price objective on Ag Growth International from C$64.00 to C$72.00 and gave the stock an outperform rating in a report on Thursday, March 7th. Finally, National Bankshares raised their target price on Ag Growth International from C$75.00 to C$82.00 and gave the company an outperform rating in a report on Thursday, March 7th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, Ag Growth International presently has a consensus rating of Buy and an average price target of C$78.22.

Ag Growth International Stock Up 0.4 %

AFN stock opened at C$50.07 on Wednesday. The stock’s 50 day simple moving average is C$60.36 and its 200 day simple moving average is C$55.28. The company has a market cap of C$951.83 million, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 1.30 and a beta of 2.32. The company has a debt-to-equity ratio of 285.22, a quick ratio of 0.84 and a current ratio of 1.21. Ag Growth International has a fifty-two week low of C$47.07 and a fifty-two week high of C$64.51.

Ag Growth International (TSE:AFN) last released its quarterly earnings data on Tuesday, March 5th. The company reported C$1.70 EPS for the quarter, beating the consensus estimate of C$1.08 by C$0.62. Ag Growth International had a return on equity of 23.61% and a net margin of 4.51%. The firm had revenue of C$379.32 million during the quarter, compared to the consensus estimate of C$414.68 million. On average, research analysts expect that Ag Growth International will post 5.9042146 earnings per share for the current fiscal year.

Ag Growth International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Wednesday, March 27th. Ag Growth International’s payout ratio is 17.44%.

About Ag Growth International

Ag Growth International Inc, together with its subsidiaries, manufactures and sells equipment for the agriculture industry in Canada, the United States, and internationally. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; fuel tanks; and storage accessories, as well as mixed flow dryers; fans and heaters; aeration products; vents and exhausters; and stirring systems.